Standard & Poor's Upgrades This Miner's Future

After reaching a breaking point earlier this month and devastating investors with a 76% dividend cut and the issuance of 9 million common shares, Cliffs Natural Resources(NYSE:CLF) catches a break. Standard & Poor's upgraded its outlook on the beleaguered miner, from negative to stable, last Thursday. Now that Cliffs has removed the dividend pressure, capital will be freed up to align the company for a brighter future. For more details, check out the video below with Motley Fool energy and materials analyst Taylor Muckerman.

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Taylor is an Associate GM in our Fool International operations. Prior to that he covered all things Energy + Materials as an analyst. Over the years, he has built an investing skill set to rely on when evaluating companies inside and out. While at the Fool, he has made appearances on CNBC and Fox Business. In addition, he completed his MBA at the University of Maryland and will sit for the Level II CFA Exam.